October 20, 2017

Ahead of Diwali, good news for Indian economy

Data ranging from cooling of inflation to a rebound in exports and factory output suggest a favourable shift in the economic climate, recovering from the disruption caused by rollout of goods and services tax (GST) and the aftershocks of the Narendra Modi government’s demonetisation move. The trend gives optimism to experts for an uptick in economic growth rate in the coming quarters.